Tips for Financial New Year's Resolutions

Don Forsyth

Don Forsyth, professor of leadership studies and a social and personality psychologist can provide tips for people looking to improve their financial habits in the New Year.

"We live in a time when mindfulness is championed, but when it comes to controlling spending sometimes mindlessness is the better strategy: Develop and maintain money-saving consumer habits that become so engrained that you no longer need to think about them," Forsyth told WalletHub. "Create routines in spending and leisure that are maximally satisfying but less expensive than alternatives."

Contact urnews2use@richmond.edu to connect with Forsyth.